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as they pursue the taliban. the white house chief of staff william dally says the u.s. relationship with pakistan is complicate. >>> president obama is holding a news conference in less than two hours. ktvu's allison burns reports the president wants to give his take on why it's been impossible to reach a deal to raise the nation's debt limit. allison. >> reporter: that's right, pam. two key events we are watching today. first president obama will be laying out the battle lines in his morning news conference. then negotiations resume this afternoon at the white house. during sunday's 75 minute session president obama again pressed for what's being called the grand plan to reduce the deficit by $4 trillion including $1 trillion in tax increases. republican leaders say a smaller package with no tax increases stands the only chance in the house. treasury secretary is continuing to emphasize the stakes involved. >> it's politically very hard, but this is a grave moment for the country. we need to do something very big, very substantial to bring our long-term deficit down overtime. >> reporter: one po
.s. drone attacks killed 38 suspected taliban fighters in northwest pakistan within a 12 hour period overnight. the attacks followed the obama administration suspension of more than one-third of u.s. military aid to pakistan. it's an indication that the white house does not intend to stop the unmanned drone program which is the source of tension with pakistan. >>> in syria, angry mobs attacked the u.s. embassy. demonstrators burned the american flag and ripped the letters off the front of the embassy building. protests come after the u.s. ambassador to syria criticized the syrian government's crack down on the uprising. secretary of state hillary clinton condemned the embassy attack. >> if anyone including president ha sad thinks that the united states is secretly hoping the regime will emerge from this turmoil to continue its brutality and repression, they are wrong. >> protesters loyal to president asad and the government also targeted the frenchment embassy. it's believed they are upset by a visit of u.s. and french ambassadors to the opposition city last week. >>> time now 5:15.
bin laden. the u.s. wants to push pakistan to more aggressively pursue the taliban. the $800 million figure is a little more than a third of the more than $2 billion the u.s. gives to pakistan in security aid each year. >>> time is now 5:14. in just a couple hours president obama will describe the battle lines in the fight over raising the national debt ceiling. as ktvu's allison burns reports he'll be holding a news conference before these new talks take place. allison. >> reporter: dave, that's right. and president obama is vowing to bring all the key players together every day until a deal is reached to reduce the deficit and raise the nation's debt ceiling. it was all smiles around the negotiating table yesterday as talks got underway between president obama and congressional leaders. but reports indicate the 75 minute session was testy to say the least. both sides appear to be digging in their heels about how to reduce the deficit. treasury secretary tim gait they are says a deal needs reached by the end of the week. >> as we go into july, further into july, the world is going t
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